FEMA & Banking

Blog, News, FEMA & Banking

August 7, 2021

RBI keeps repo rate unchanged at 4%

PRESS RELEASE, Dated 06.8.2021 The … Continue reading “RBI keeps repo rate unchanged at 4%”

Blog, News, FEMA & Banking

August 5, 2021

Setting Aside of Auction Sale under the RDB Act: A Dictate Steered by Prudence

Summary/Abstract Significantly, though, the Tribunals/DRTs … Continue reading “Setting Aside of Auction Sale under the RDB Act: A Dictate Steered by Prudence”

Blog, News, FEMA & Banking

July 30, 2021

RBI allows ‘non-bank payment system providers’ to participate in centralized payment systems

CIRCULAR NO. RBI/2021-22/73 DPSS.CO.LVPD NO.S290/04.04.009/2021-22, … Continue reading “RBI allows ‘non-bank payment system providers’ to participate in centralized payment systems”

News, Blog, FEMA & Banking

July 29, 2021

HC cannot delve into disputed question of facts in exercise of its jurisdiction u/s 482 of Cr.P.C

Case details: Summy Bhasin v. … Continue reading “HC cannot delve into disputed question of facts in exercise of its jurisdiction u/s 482 of Cr.P.C”

Blog, News, FEMA & Banking

July 26, 2021

Auction purchaser was to be relieved from auction process as property was not free from encumbrance

Case details: Asset Reconstruction Company … Continue reading “Auction purchaser was to be relieved from auction process as property was not free from encumbrance”

Blog, News, FEMA & Banking

July 23, 2021

Petition could not seek implementation of ‘One Time Settlement Scheme’ on failing to pay 5% upfront amount: HC

Case Details: Rishika Cottons (P.) … Continue reading “Petition could not seek implementation of ‘One Time Settlement Scheme’ on failing to pay 5% upfront amount: HC”

Blog, News, FEMA & Banking

July 23, 2021

Govt. mandates e-filing of pleadings before DRT/DRAT if debt to be recovered is Rs. 100 crores or more

Notification No .G.S.R. 501 (E)., … Continue reading “Govt. mandates e-filing of pleadings before DRT/DRAT if debt to be recovered is Rs. 100 crores or more”

Blog, News, FEMA & Banking

July 20, 2021

HC convicts accused for dishonouring of cheque issued towards purchase of diesel fuel from complainant

Case deatils: Madhav Shankar Revankar … Continue reading “HC convicts accused for dishonouring of cheque issued towards purchase of diesel fuel from complainant”

Blog, News, FEMA & Banking

July 20, 2021

Offsprings of criminals cannot be allowed to enjoy fruits of their material sins under PMLA: Madras HC

Case details: Dhanalakshmi Sridhar v. … Continue reading “Offsprings of criminals cannot be allowed to enjoy fruits of their material sins under PMLA: Madras HC”

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July 15, 2021

Offence u/s 8 of Prevention of Corruption Act would be triable by Special Court u/s 33(1)(a) of PMLA: HC

Case details: Upendra Rai v. … Continue reading “Offence u/s 8 of Prevention of Corruption Act would be triable by Special Court u/s 33(1)(a) of PMLA: HC”